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Aside from lawmaker protest over the government's $700 billion bailout plan, there were a number of protests across the country over the bailout. Labor unions organized a protest on Wall Street yesterday. AFL-CIO president John Sweeney said, "The Bush administration wants us to pay the freight for a Wall Street bailout that does not even begin to address the roots of our crisis. We want our tax dollars used to provide a hand up for the millions of working people who live on Main Street and not a handout to a privileged band of overpaid executives."
United Federation of Teachers head Randi Weingarten said, "We know that he economic situations has to be solved. But we want a a responsible rescue, not an opportunistic bailout." And Reverend Jesse Jackson said afterward, "The homeowners need long-term, low interest rates and the restructuring of loans, not the repossession of homes."
dietrich has a great Flickr set of protest photographs; a few are above. EV Grieve also has photos and some video, including this one (warning, protesters are cursing out fat cats!):
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Dance, puppets, dance!
love this. Hopefully it does something... even though it probably won't.
Strip Henry Paulson of all his own personal assets, put him in hand-cuffs, and maybe then I might agree with some sort of bail-out.
On the other side of the aisle, there are a couple of ex-Fannie Mae crooks on Obama's economic advisory staff now who should be arrested too --- so much for change.
hell yeah. these actions are only going to get bigger...
How come everyone thinks Wall Street has nothing to do with Main Street? Agreed its mostly their fault, but think of the consequences of doing nothing and more banks fail.
I too question the merits of Paulson's plan, but if thats whats needed to prevent a catastrophe, so be it. But they should give more time for economists and the politicians to study the plan in full detail.
French Revolution anyone? let them eat worthless stock options. I hope every fucking CEO gets his eyes impaled with a dull spoon.
Tar and feather time.
Being all angry at Wall St. is all well and good but do any of the protesters a) understand the consequences of having credit dry up? and b) have a better plan?
Let's nationalize the credit industry. The whole thing. I mean, we're basically paying for it already. Might as well get some profit out of the deal.
The government has been rewarding corporate failure since they bailed out Chrysler in 1980. Until this culture changes, a bail-out is just throwing good money after bad.
Successful companies that turn a hefty profit, such as the oil companies, for example, ironically are villified by many.
It's a miracle we have any economy at all with this collective schizophrenia regarding business.
Show me da money!!!!!!!
TOAST ON WALL STREET
Dump the wine
Gone's our pull
Tank up on
Case of Red Bull
Ditch the champagne
Stocks worth a dime
Made our last gain
Beer market time
"Let's nationalize the credit industry. The whole thing. I mean, we're basically paying for it already. Might as well get some profit out of the deal."
I've heard of worse ideas...
^meaning it kinda actually isn't that bad of an idea.
Yea its Wall Streets fault, not my real estate agent for telling me to buy a house I couldn't afford because real estate always goes up and I could flip it, or my mortgage broker who told me not to worry about lying on my loan application because I could refinance it before the ARM reset, and its surely not my fault. PLeeeease someone take some responsibility for their own actions for once.
There are blames to be handed out across the entire system, driven by greed and easy credit. But to say the homeowners who shouldn't have been owning a home got subprime loans with no money down are just victims is just ridiculous. I bet you can find a Ford Escalade in the driveways of these "poor" homeowners facing foreclosure.
eat the rich
Wow, #12, you have got to change your pic, dude.
Pack up the "You fucked up" crew and send them down to Washington to tour the Treasury, The Federal Reserve Bank, The Capitol, The White House,...and Marion Barry's private residence.
^I believe we have our new "cupcake dancers". Double bill?